In the context of programming language discussion/comparison, what does the term \"power\" mean?
Does it have a well defined meaning? Even a poorly defined meaning?
C is powerful, because it is low level and gives you access to hardware. Python is powerful because you can prototype quickly. Lisp is powerful because its REPL gives you fantastic debugging opportunities. SQL is powerful because you say what you want and the DMBS will figure out the best way to do it for you. Haskell is powerful because each function can be tested in isolation. C++ is powerful because it has ten times the number of syntactic constructs that any one person ever needs or uses. APL is powerful since it can squeeze a ten-screen program into ten characters. Hell, COBOL is powerful because... why else would all the banks be using it? :)
A precise answer can be tried to reach, by not assuming that the elements that define "powerful" (in the context of languages) come from so many dimensions.
See how many could be, and a lot will be missing:
These and more parameters draw together X picture of how "programming in some language" would be like at X level. That will be only the definition, though, the only real knowledge comes with the actual practice of using the language, but i digress.
The question comes down to which parameter will represent the intrinsic quality of a language. If you refer to a language in itself, its ultimate, intrinsic purpose is "express things", and thus the most representative parameter is rightfully expressiveness, and is also one that resonates frequently when someone talks about how powerful a language is.
At the moment you try to widen the question/answer to cover more than the expressiveness of the language "as a language, as a tongue", you are more talking about different kinds of "environment", social environment, development environment, commercial environment, etc.
Depending of the complexity of the environment to be defined you'll have to mix more parameters that come from multiple, vast, overlapping and sometimes contradictory dimensions, and eventually the point of getting the definition will be lost or the question will have to be narrowed.
This approximation still won't answer "what is an expressive language", but, again, a common understanding are the definitions that Vineet well points out in its answer, and Forest remarks in the comments. I agree, for me "expression" is "conveying meaning".
I think that power would normally refer to how quickly it can process data, for example I found that in python as soon as a list exceeds a length of approx. 2000 it becomes unbearably slow whereas in C++ a list can easily contain 20,000 entries without doing so.
Powerful means "high in power". "Power" is something that increases your ability to do things. "Things" vary in shape, size and other things. Loosely speaking therefore, "powerful" when applied to a programming language means that it helps you to do perform your tasks quickly and efficiently.
This makes "powerful" somewhat well defined but not constant across domains. A language powerful in one domain might be crippling in another eg. C is very powerful if you want to do systems level programming since it gives you direct access to the machine and hardware and structures that let you code much faster than you would in assembly. C compilers also produce tight code that runs fast. However, once you move to web applications, C can become very "unpowerful" and crippling since it's so much effort to get something up and running and you have to worry about a lot of extraneous details like memory etc.
Sometimes, languages are "powerful" in multiple domains. This gives them a general "powerful" tag (or badge since were are on SO here). PG's claim is that with LISP, this is the case. That might be true or might not be.
At the end of the day, "powerful" is a loaded word so you should evaluate who is saying it, why he's saying it and what it means to to your work.
"Powerful" has no real technical meaning, but lots of people have made proposals.
A couple of the more interesting ones:
Paul Graham wants to call a language "more powerful" if you can write the same programs in fewer lines of code (or some other sane, sensible measure of program size).
Matthias Felleisen has written a very serious theoretical study called On the Expressive Power of Programming Language.
As someone who knows and uses many programming languages, I believe that there are real differences between languages, and that "power" can be a convenient shorthand to describe ways in which one language might be better than another. Nevertheless, whenever I hear a discussion or claim that one language is more powerful than another, I tend to keep one hand firmly on my wallet.
It can have several meanings. In the very basic sense there's power as far as what is computable. In that sense the most powerful languages are Turing Complete which includes pretty much every general purpose programming language (as opposed to most markup languages and domain specific languages which are often not Turing complete).
In a more pragmatic sense it often refers to how concisely (and readably) you can do certain things. Basically how easy is it to do certain tasks in one language compared to another.
What language is more powerful (besides being somewhat subjective) depends heavily on what you're trying to do. If your requirements are to get something running on a small device with 64k of memory you're likely not going to be using Java. Most likely the right language would be C or C++ (or if you're really hard core assembly). If you need a very simple CRUD app done in 1 day, maybe something like Ruby On Rails would be the way to go (I know Rails is a framework and Ruby is the language, but these days what libraries and frameworks are available factor greatly into picking a language)